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Jul 31, 2011
07/11
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FOXNEWS
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news this morning across the pond that hsbc, the big international financier is looking at laying off 10,000 workers. obviously the double dip concerns are very, very pronounced. the near-term concern at least for wall street now potential that the guys in washington can come up with a deal. it looks like they will come up with something so they might have short-term relief if they get that. longer term, it seems to be as spotty as it looks i don't know if they will be relieved that long. >> shannon: just as you were speaking, senator harry reid, majority lead ore the senate took to the floor, they are back in session he said no agreement has been reached but he is cautiously optimistic. what do you think that will do to the market if that is the closest we get to an announcement of a deal today, with the market opening up overseas tonight and opening up here tomorrow? >> we are already seeing reaction in the middle east. those markets are open today. they have sunday trading in the middle east. saudi arabia falling close to 1.5% yesterday. and they're up. aman is down but there is a
news this morning across the pond that hsbc, the big international financier is looking at laying off 10,000 workers. obviously the double dip concerns are very, very pronounced. the near-term concern at least for wall street now potential that the guys in washington can come up with a deal. it looks like they will come up with something so they might have short-term relief if they get that. longer term, it seems to be as spotty as it looks i don't know if they will be relieved that long....
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Jul 31, 2011
07/11
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CNNW
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now the big guy comes up to bat, hitting .342 with 92 rbis and 36 homers. [fans whirring] [ding] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back to "state of the union." i am gloria borger. candy crowley is off today. and joining me from south dakota, mr. san de, i have to ask you off the bat. you have been listening out there this morning. what is your reaction to what you are hearing from mitch mcconnell and senator schumer? >> great news. sounds like we will avoid a crisis. $3 trillion in deficit reduction over the next ten years is more than what i would have expected. if they follow-through on that it's great news. it gets us close to the fiscal responsibility, and that's what we need to get to to restore stau stainability in the fiscal responsibility. if they pull it off i think we will be in good shape. >> how do you think the markets will react? >> very positively. i think the markets expect they will get som
now the big guy comes up to bat, hitting .342 with 92 rbis and 36 homers. [fans whirring] [ding] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back to "state of the union." i am gloria borger. candy crowley is off today. and joining me from south dakota, mr. san de, i have to ask you off the bat. you have been listening out there this...
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Jul 31, 2011
07/11
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KPIX
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we have a big debt. we have a big debt to gdp ratio. we have big deficits. i think the thing that is missing from the debate is the fact that the debt and deficit are symptoms, not the cause of a bad economy. we shouldn't just look at the national debt figures, that clock. that's $14 trillion. of the way we should think about the debt is as a debt burden. so debt divided by gdp. this is the way that economists think about it. it's the way that most investors think about a country's physical health. and if that's the case, what we need to be doing is focusing on raising our gdp, raising our economic growth. that will bring the debt down through what we doing instead is focusing on just cutting. unfortunately, that's going to have a negative affect on the economy in a negative affect on our debt burden. >> a lot of this power-play and political gains that evolve because of the 2012 presidential election coming up -- >> one of the parts of the deal will be to kick this or any more discussion about this until after the elections. >> that's one of the most fascin
we have a big debt. we have a big debt to gdp ratio. we have big deficits. i think the thing that is missing from the debate is the fact that the debt and deficit are symptoms, not the cause of a bad economy. we shouldn't just look at the national debt figures, that clock. that's $14 trillion. of the way we should think about the debt is as a debt burden. so debt divided by gdp. this is the way that economists think about it. it's the way that most investors think about a country's physical...
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Jul 31, 2011
07/11
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KTVU
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one of the big victories that the g.o.p. won through this is to completely move the debate in the direction of spending cuts. they're still at risk of snapping defeat from the jaws of victory overplaying their hand and insisting on their way or the highway. the difference i think is the hit that the g.o.p. is taking from this, as your polls have shown, is probably more transtory. obama has still got to run on the national economic situation in 2012. he can't escape that. for him it's not debt number, it's the unemployment number. that is the risk. his loss is shallower than the g.o.p.s but they're longer lasting. >> bret: steve? >> he got an argument. one thing that the white house wanted out of the debate is the republicans are really putting the economy at risk. you are seeing this, you saw it in gene sperling this morning. this is becoming the main democratic talking point. they are trying to get republicans to own part of the economic difficulty we're in. i don't think it will ultimately succeed. but for the first time i
one of the big victories that the g.o.p. won through this is to completely move the debate in the direction of spending cuts. they're still at risk of snapping defeat from the jaws of victory overplaying their hand and insisting on their way or the highway. the difference i think is the hit that the g.o.p. is taking from this, as your polls have shown, is probably more transtory. obama has still got to run on the national economic situation in 2012. he can't escape that. for him it's not debt...
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Jul 31, 2011
07/11
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CSPAN
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eye 86
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big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are about something that is too big to fail. they already have. they continue to drag down the ability of the american people to move forward. it is a change to actual leadership and a change to bring government into the 21st century, a realization that what has happened on wall street has failed. allow the american people to six those problems and moved forward. for the republicans, everything in the world is moving toward empower you to make more and more of your own decisions. it is what the basis of the free republic is. it is the basis of voluntary community organizations. these are the things that are happening. the only concern people h
big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are about something that is too big to fail. they already have. they continue to drag down the ability of...
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Jul 31, 2011
07/11
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CSPAN
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i think he could fix the big government, fix the big banks, and then what you have to do is ask for regulatory reform. you will unleash the entrepreneurial industriousness of the american people. if you do not, we will continue to be dragged down by entities that are antiquated on the 20th century model that can be applied successfully in the 21st century. i think that is one of the things. other thing is, obviously, we are a country at war. we have men and women defending our freedom and expanding it to others in foreign fields. the ads this has to have a comprehensive strategy not only for dealing the conflict in which we find ourselves but supporting freeway -- freedom movements in places like iran or the opponents of the regime in syria so that this terror- sponsoring states can peacefully implode like the soviet union did because of the people's aspirations for freedom. i continue to think and continue to point out as people are increasingly starting to realize, that the people's republic of, is a reliable model of governance and a threat to american prosperity and security because it is
i think he could fix the big government, fix the big banks, and then what you have to do is ask for regulatory reform. you will unleash the entrepreneurial industriousness of the american people. if you do not, we will continue to be dragged down by entities that are antiquated on the 20th century model that can be applied successfully in the 21st century. i think that is one of the things. other thing is, obviously, we are a country at war. we have men and women defending our freedom and...
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Jul 31, 2011
07/11
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CSPAN
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i think the stimulus was not big enough. too much of it was not in tax cuts that are not an efficient way to get the economy to grow, and one of the things that was under appreciated about a was a big part of what was doing was helping prevent local governments from laying people off. the stimulus gets far less credit than it deserves. actually did help create and protect jobs, but we need more and more targeted efforts right now to actually create jobs. the ideas you hear being talked about right now -- people are talking about, "what about a corporate tax holiday?" all of these corporations are off shoring hundreds of billions of dollars because they have to pay taxes to bring it back to the u.s. we will let them bring it back at 5 cents on the dollar, and maybe they'll use it to create jobs. they are already sitting on literally billions of dollars in profits that they are not spending. or another payroll tax cut. again, same problem. i do not see how that will create jobs in corporations are already making record profits
i think the stimulus was not big enough. too much of it was not in tax cuts that are not an efficient way to get the economy to grow, and one of the things that was under appreciated about a was a big part of what was doing was helping prevent local governments from laying people off. the stimulus gets far less credit than it deserves. actually did help create and protect jobs, but we need more and more targeted efforts right now to actually create jobs. the ideas you hear being talked about...